Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Sampo plc    SAMPO   FI0009003305

SAMPO PLC

(SAMPO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Supplement to Sampo's stock exchange release published on 28 November 2019 at 9:30 am EET: If acquires roadside assistance company Viking

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/28/2019 | 07:45am EST

SAMPO PLC                 STOCK EXCHANGE RELEASE              28 November 2019 at 2:45 pm


Supplement to Sampo’s stock exchange release published on 28 November 2019 at 9:30 am EET: If acquires roadside assistance company Viking

Sampo supplements the stock exchange release published on 28 November 2019 at 9:30 am EET with regard to Viking’s financial development and position and effects of the transactions on If and Sampo Group.

The supplemented information is presented below.

With this strategic acquisition If strengthens its position in the Nordics by providing more comprehensive service for its insurance customers and partners such as carmakers. The financial effect of the acquisition on Sampo Group is not expected to be significant.

Viking is one of the leading roadside assistance companies in the Nordics with over 3,000 employees in its franchise network and 320 stations.

In 2018, Viking’s revenue was NOK 774 million (approximately EUR 77 million), which was generated primarily from group’s subsidiaries in Norway, Sweden and Denmark. The group has also a subsidiary in Finland and a call center in Spain. In 2018, over 60 per cent of the revenue was generated in Norway. In 2018, Viking’s ebitda was NOK 45 million (EUR 4 million) and adjusted ebitda NOK 70 million (EUR 7 million). Viking’s total assets were NOK 1,027 million (EUR 102 million) at the end of 2018.

The enterprise value of EUR 114 million of the transaction consists of the acquisition price of EUR 32 million and the net debt of 82 EUR million.

After the acquisition is finalized, Viking will continue its operations normally as an independent company with its current organization.

The original stock exchange release is included below.

If acquires roadside assistance company Viking

If P&C Insurance Holding Ltd (publ) has today signed an agreement to buy Viking Redningstjeneste TOPCO A/S. The acquisition price for 100 per cent ownership is EUR 32 million (NOK 325 million) which is paid in cash. The enterprise value is EUR 114 million.

Viking is a Nordic roadside assistance company headquartered in Norway. It serves its customers through an extensive nationwide network of stations in Norway, Sweden, Denmark and Finland. The acquisition of Viking will strengthen If’s offering towards its partners and further improve If’s position as the leading Nordic insurance and service provider within the mobility area.

The transaction is subject to approval by competition authorities in Norway and Sweden and is expected to be finalized in early 2020.

SAMPO PLC

Maria Silander
Communications Manager, Media Relations
tel. +358 10 516 0031

Further information:

Måns Edsman
CFO
If P&C Insurance Holding Ltd (publ)
tel. +46 10 603 7174

Mirko Hurmerinta
IR & Communications Specialist
Sampo plc
tel. +358 10 516 0032

Distribution:
Nasdaq Helsinki
London Stock Exchange
The principal media
Financial Supervisory Authority
www.sampo.com

Primary Logo


© GlobeNewswire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAMPO PLC
01/08Sampo Oyj If Completes Viking Deal
DJ
01/08If completes Viking deal
GL
2019SAMPO OYJ SUPPLEMENT TO SAMPO'S STOC : 30 Am Eet: If Acquires Roadside Assistanc..
DJ
2019SUPPLEMENT TO SAMPO'S STOCK EXCHANGE : 30 am EET: If acquires roadside assistanc..
GL
2019Sampo Oyj If Acquires Roadside Assistance Company Viking
DJ
2019If acquires roadside assistance company Viking
GL
2019SAMPO OYJ SAMPO PLC : Managers' Transactions (Fagerholm)
DJ
2019SAMPO OYJ SAMPO PLC : Managers' Transactions (Wahlroos)
DJ
2019SAMPO OYJ SAMPO PLC : Managers' Transactions (Clutterbuck)
DJ
2019SAMPO OYJ SAMPO PLC : Managers' Transactions (Murto)
DJ
More news
Financials (EUR)
Sales 2019 4 389 M
EBIT 2019 1 529 M
Net income 2019 1 174 M
Debt 2019 3 342 M
Yield 2019 5,36%
P/E ratio 2019 19,0x
P/E ratio 2020 14,9x
EV / Sales2019 5,95x
EV / Sales2020 5,66x
Capitalization 22 758 M
Chart SAMPO PLC
Duration : Period :
Sampo plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAMPO PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 42,47  €
Last Close Price 40,98  €
Spread / Highest target 14,7%
Spread / Average Target 3,64%
Spread / Lowest Target -7,27%
EPS Revisions
Managers
NameTitle
Torbjörn Magnusson President & Group Chief Executive Officer
Björn Arne Christer Wahlroos Chairman
Knut Arne Alsaker Member-Management Board & Head-Group Finance
Veli-Matti Johannes Mattila Independent Director
Risto Fredrik Murto Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SAMPO PLC4.93%25 033
TOKIO MARINE HOLDINGS, INC.-0.92%39 018
THE ALLSTATE CORPORATION5.07%38 275
THE TRAVELERS COMPANIES-1.58%34 636
MS&AD INSURANCE GROUP HOLDINGS, INC.1.31%19 170
ARCH CAPITAL GROUP LTD.4.90%18 263